Invesco QQQ Trust (NASDAQ:QQQ) Shares Bought by Country Trust Bank

Country Trust Bank boosted its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,421 shares of the exchange traded fund’s stock after purchasing an additional 100 shares during the period. Country Trust Bank’s holdings in Invesco QQQ Trust were worth $373,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQ. CX Institutional raised its holdings in Invesco QQQ Trust by 1,811.1% in the fourth quarter. CX Institutional now owns 344 shares of the exchange traded fund’s stock valued at $53,000 after acquiring an additional 326 shares in the last quarter. LS Investment Advisors LLC increased its stake in Invesco QQQ Trust by 25.0% in the fourth quarter. LS Investment Advisors LLC now owns 375 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 75 shares during the last quarter. Lenox Wealth Management Inc. increased its stake in Invesco QQQ Trust by 848.8% in the fourth quarter. Lenox Wealth Management Inc. now owns 1,167 shares of the exchange traded fund’s stock valued at $87,000 after purchasing an additional 1,044 shares during the last quarter. Edge Wealth Management LLC increased its stake in Invesco QQQ Trust by 285.4% in the fourth quarter. Edge Wealth Management LLC now owns 632 shares of the exchange traded fund’s stock valued at $97,000 after purchasing an additional 468 shares during the last quarter. Finally, NuWave Investment Management LLC increased its stake in Invesco QQQ Trust by 21.3% in the fourth quarter. NuWave Investment Management LLC now owns 644 shares of the exchange traded fund’s stock valued at $99,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 42.47% of the company’s stock.

QQQ traded up $1.20 during midday trading on Friday, hitting $174.39. The company’s stock had a trading volume of 31,406,141 shares, compared to its average volume of 29,136,784. Invesco QQQ Trust has a 52-week low of $143.46 and a 52-week high of $187.53.

Separately, Bank of America lowered shares of Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a research report on Monday, November 5th.

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Invesco QQQ Trust Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

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